Latin America Bitumen Market Growth predicted at more than 4% CAGR through 2024

Latin America

Latin America Bitumen Market Growth predicted at more than 4% CAGR through 2024

Sep 14, 2020 (Market Insight Reports) —

The research report on Latin America Bitumen Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments. According to the given report, the Latin America Bitumen Market revenue surpassed USD 4.1 billion in 2017 and is anticipated to record a remuneration of USD$ 5.7 bn by 2024, exhibiting a growth rate of more than 4% over 201-2024. Moreover, the study also incorporates information on the current market scenario, developing technologies, widespread competitive landscape, market tactics, future prospects, and vivid market segmentations.

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The report also summarizes various factors that are likely to drive the growth of this industry over the foreseeable period, in line with offering details of the ongoing trends that the given industry is characterized by. As per the given report, the Latin America Bitumen Market is fragmented on the basis of Product, Application, regions, and competitive landscape.

Paving bitumen is likely to hold nearly 70% of market share due to the construction activities in the region. In 2016, the Mexico Federal Government construction projects valued nearly USD 110 billion in which 40% is allotted to Petroleos Mexicanos (government owned oil company), 25% to highway, 22% to housing and multipurpose building development and remaining 13% to other infrastructure projects. Increasing construction activities will propel the Latin America bitumen market in next seven years down the line.

Based on the geographical landscape, the industry has been diversified into various regions including Brazil, Mexico, Colombia, Argentina, Peru, Venezuela, Chile. The market study includes minute details on growth driving factors, trending growth opportunities, respective growth rates, technologies being used, favorable and unfavorable regulatory reforms, and individual market shares.

The market is highly concentrated and boasts robust presence of myriad companies including Shell, British Petroleum, Bouygues S.A, Chevron Texaco, Exxon Mobil, JX Nippon Oil & Energy, Petroleos Mexicanos (PEMEX) and Total S.A. The document incorporates details on the sales graph of reach of each of the enlisted firm, their market strategies to sustain their position in the overall market, individual company profiles and market share and size, and their stance in the worldwide industry landscape.

Table of Content:

Chapter 4.Latin America Bitumen Market Size, by Product, 2019- 2024

  • Paving Bitumen
  • Oxidized Bitumen
  • Cutback Bitumen
  • Bitumen Emulsion
  • Polymer Modified Bitumen (PMB)
  • Others

Chapter 5.Latin America Bitumen Market Size, by Application, 2019- 2024

  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Others

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